China (CHN) and North Korea (PRK) Trade | The Observatory of Economic Complexity

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China (CHN) and North Korea (PRK) Trade

2022

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Exports $894MRnk 132 / 211

2022

→

About

China-North Korea Trade: In 2022, China exported $894M to North Korea. The main products that China exported to North Korea were Soybean Oil ($48.8M), Rubber Tires ($44.3M), and Packaged Medicaments ($40.8M). Over the past 5 years the exports of China to North Korea have decreased at an annualized rate of 22.7%, from $3.25B in 2017 to $894M in 2022.

In 2022, China did not export any services to North Korea.

North Korea-China Trade: In 2022, North Korea exported $131M to China. The main products that North Korea exported to China were Tungsten Ore ($30.9M), Ferroalloys ($25.3M), and Electricity ($20.4M). Over the past 5 years the exports of North Korea to China have decreased at an annualized rate of 39.3%, from $1.59B in 2017 to $131M in 2022.

In 2022, North Korea did not export any services to China.

Comparison In 2022, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, North Korea ranked 182 in total exports ($248M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, China exported $192M and imported $26.4M from North Korea, resulting in a positive trade balance of $166M. Between October 2023 and October 2024 the exports of China have increased by $24.8M (14.8%) from $168M to $192M, while imports increased by $1.62M (6.53%) from $24.8M to $26.4M.

Trade In October 2024, the top exports of China to North Korea were Processed Hair ($10.9M), Raw Sugar ($10.6M), Other knitted or crocheted fabrics. ($10.5M), Soybean Oil ($10.1M), and Synthetic Filament Yarn Woven Fabric ($9.97M). In October 2024 the top imports of China from North Korea were Ferroalloys ($4.85M), Fake Hair ($4.82M), Tungsten Ore ($2.23M), Electricity ($1.62M), and Carbides ($870k).

Origins In October 2024 the exports of China were mainly from Liaoning Province ($75.2M), Guangdong Province ($63.4M), Jilin Province ($26.3M), Shandong Province ($15.2M), and Zhejiang Province ($5.05M), while imports destinations were mainly Liaoning Province ($12.2M), Jilin Province ($9.91M), Shandong Province ($2.12M), Guangdong Province ($1.98M), and Hunan Province ($167k).

Growth In October 2024, the increase in China's year-by-year exports to North Korea was explained primarily by an increase in product exports in Processed Hair ($10.9M or 23.1k%), Other knitted or crocheted fabrics. ($8.92M or 551%), and Soybean Oil ($6.27M or 162%). In October 2024, the increase in China's year-by-year imports from North Korea was explained primarily by an increase in product imports in Fake Hair ($4.46M or 1.22k%), Ferroalloys ($3.76M or 344%), and Carbides ($726k or 506%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (October 2023 - October 2024)$24.8M(14.8%)

IMPORT GROWTH (October 2023 - October 2024)$1.62M(6.53%)

MAIN EXPORTER (October 2024)Liaoning Province$75.2M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check North Korea and China trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, China exported $894M to North Korea. The main products exported from China to North Korea were Soybean Oil ($48.8M), Rubber Tires ($44.3M), and Packaged Medicaments ($40.8M). During the last 5 years the exports of China to North Korea have decreased at an annualized rate of 22.7%, from $3.25B in 2017 to $894M in 2022.

In 2017, North Korea exported $131M to China. The main products exported from North Korea to China were Tungsten Ore ($30.9M), Ferroalloys ($25.3M), and Electricity ($20.4M). During the last 5 years the exports of North Korea to China have decreased at an annualized rate of 39.3%, from $1.59B in 2022 to $131M in 2017.

Exports from China () to North Korea () (2022)

Exports from North Korea () to China () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

China
Top DestinationN/AN/A

North Korea
Top DestinationN/AN/A

This map shows whether countries import more from China or North Korea. Each country is colored based on the difference in imports they receive from China and North Korea or the difference in the growth in imports.

N/A

Difference in imports from North Korea () and China () (2022)

Comparative Advantage China - North Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between China and North Korea by product, considering products traded by both, China and North Korea.

During 2022, China had a large net trade with North Korea in the exports of Plastics and Rubbers ($180M), Chemical Products ($171M), and Textiles ($153M).

During 2017, North Korea had a large net trade with China in the exports of Mineral Products ($65M), Metals ($26M), and Textiles ($12.2M).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of China and North Korea. This means that a dot/product with the flag of China indicates it has a comparative advantage over North Korea. Similarly, a dot/product with the flag of North Korea indicates it has a comparative advantage over China.

Product Space of China () and North Korea () (2022)

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